$AERGO AERGO 4H Chart | Bullish Correction-Aware Setup
Market Structure
Price is testing a short-term resistance zone between MA(50) and MA(99)
Higher-low structure on the 4H timeframe is intact
Weak bullish momentum confirmed by MACD, but RSI indicates overbought conditions
Buyers still in control near support, but caution is advised for short-term pullback
Key Zones
Support Zone: 0.0577 – 0.0583 (MA7/MA25)
Resistance Zone: 0.0597 – 0.0609 (MA50/MA99)
Trade Setup (Long)
Entry Zone: 0.0596 – 0.0600 (on breakout above MA50)
Take Profit Targets:
TP1: 0.0612- 0.0620
TP2: 0.0630-0.0630
TP3: 0.0670-0.0710
Stop Loss: Below 0.0580
Price Action Insight
Price has reclaimed short-term support near 0.0580 after minor retracement
Consecutive bullish candles and higher lows on 4H chart suggest potential continuation
Watch for volume confirmation; rising price on declining volume may indicate a temporary pullback before resuming upward momentum
